"The German government has been actively promoting the adoption of e-bikes as a sustainable means of transportation. Initiatives such as subsidies and tax incentives for e-bike purchases have encouraged consumers to switch from conventional bicycles and cars to electric bicycles. Additionally, the government has invested in building cycling infrastructure, including dedicated bike lanes and parking facilities, further fostering the growth of the e-bike market. German consumers have shown a strong inclination towards electric bicycles, driven by factors such as health consciousness, urban mobility, and environmental awareness. E-bikes are favored by a wide range of demographics, including commuters, leisure riders, and older individuals seeking a more accessible and enjoyable cycling experience. The popularity of e-bikes among younger generations has also been significant, as they embrace sustainable alternatives and seek solutions for urban congestion. The German electric bicycle market is highly competitive, with a mix of domestic and international manufacturers vying for market share. Several well-established brands, such as Bosch, Brose, and Continental, are renowned for their e-bike components and drive systems, while companies like Riese & Muller, Haibike, and Cube are known for their high-quality e-bike models. International players, including Giant, Trek, and Specialized, also have a notable presence in the German market. According to the report, ""Germany Electric Bicycle Market Overview, 2027"", published by Bonafide Research, the market is projected to expand at a significant growth rate during the forecast period. Electric bicycles are not only popular among younger individuals but also among older age groups. Many older Germans choose e-bikes as a means of maintaining an active lifestyle and overcoming physical limitations while enjoying cycling. The German government has implemented subsidies and incentives to encourage the adoption of electric bicycles. These subsidies provide financial support to individuals purchasing e-bikes, making them more affordable and accessible to a wider population. German manufacturers and companies are at the forefront of e-bike technology and innovation. They have been instrumental in developing advanced electric drive systems, lightweight materials, and smart features that enhance the overall riding experience. Germany has invested significantly in developing cycling infrastructure, including dedicated bike lanes, charging stations, and secure parking facilities for e-bikes. This commitment to cycling infrastructure further promotes the use of electric bicycles across the country. Germany's scenic landscapes and well-connected cycling routes have made it a popular destination for e-bike tourism. Many tourists visit the country specifically to explore its beautiful countryside and cities on electric bicycles. The widespread adoption of electric bicycles in Germany contributes to reducing carbon emissions and improving air quality. By choosing e-bikes over cars, Germans actively participate in sustainable transportation, supporting the country's environmental goals.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleThe e-Bike market is witnessing a lot of technological advancements for more optimized and reliable products. The connected e-Bike is one such advancement, wherein the SIM module enables the eBike to send and receive data to and from the cloud without a connected smartphone. The connected e-bikes provide advanced features like emergency calls, integrated navigation, social media connection, an anti-theft system, and remote diagnostics, which attract a larger customer base. Therefore, the trend for connected e-Bikes would create an opportunity for the e-Bike market to develop and grow during the forecast period. Consumer preference for e-bikes as an eco-friendly and efficient mode of transportation, rising fuel costs, and increased interest in cycling as a fitness and recreational activity across the country are expected to drive market growth. Furthermore, improvement in biking infrastructure and battery technology is expected to offer lucrative opportunities for the electric bike market's growth. According to the report, the Germany electric bicycle (E-bike) market is segmented into two propulsion types, including pedal assist and throttle. Among these types, the pedal assist segment occupied a major portion of the market share in 2021 and is expected to continue growing during the forecast period. The higher market growth is attributed to its better battery life, lower servicing needs, and the ability for users to choose from three to five modes of pedal-assist depending on the model. However, the throttle segment is anticipated to exhibit a higher CAGR during the forecast period. Factors such as decreased pedaling effort in scenarios such as accelerating up a hill or cruising will drive the growth of this segment. Further, the market is segmented into three class types, including Class 1: Pedal Assist, Class 2: Throttle On Demand, and Class 3: Speed Pedelec. Class 1 e-bikes had the highest market revenue share in 2021 and are expected to maintain their dominance in the coming years. The rising demand for pedelecs because of their health assistance along with power assistance within the range of 25 kph that does not have any regulation on its driving is likely to propel the growth of class 1 e-bikes. Furthermore, based on the application, the city/urban segment is anticipated to dominate the market during the upcoming timeframe. COVID-19 Impacts: The COVID-19 outbreak has given a huge boost to the electric bike market. As people have become more cautious and with public transport taking a backseat even after the lifting of lockdowns, electric bikes have turned out to be the preferred choice of transport because it's fast, easy to ride, cheap and safe. The government restrictions and lockdowns during the first quarter of 2020 dampened the sale of e-Bikes as the stores were closed, and the commute was allowed for only essential services. However, after removing all impositions due to increased vaccination drives, things have started to normalize with the opening of offices and all other regular activity stores globally, which has again increased the regular travel scenario of commuters. The electric bike market is estimated to observe a huge boost in sales post-COVID-19 during the forecast period. Considered in this report • Geography: Germany • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027
Aspects covered in this report • Germany Electric Bicycle (E-Bikes) market with its value and forecast along with its segments • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Segment covered in the report • By Propulsion Type • Pedal Assist • Throttle By Class Type • Class 1: Pedal Assist • Class 2: Throttle On Demand • Class 3: Speed Pedelec
By Battery Type • Lithium-Ion Battery • Lead-Acid Battery • Others By Application • City/Urban • Trekking (E-mountain Bikes/e-MTB) • Cargo • Others (Speed e-bikes, Foldable, Fat Bicycle) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources. Intended audience: This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to electric bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry."
We are friendly and approachable, give us a call.